This additional funding will be used for product development and to help BlogTalkRadio expand its solutions to other verticals. BlogTalkRadio’s unique platform allows individuals and companies to use a phone to conduct a live broadcast via the web. Participants dial a phone number, enter the broadcast and then the entire conversation is streamed on air live through the BlogTalkRadio Web site. The site also archives all radio shows as podcasts, so they can easily be uploaded to iTunes and then shared on other blogs, sites etc.

BlogTalkRadio’s founder and CEO, Alan Levy says the site is currently seeing more than 7 million listeners/downloads per month. BlogTalkRadio currently has over 500,000 episodes on the site and is seeing 4.5 million uniques per month.